SPX 500, the march to 3600s
Updated
And probably lower, but one step at a time. Friday was a bull trap as I suspected, but believe me last night when they pumped it to 3850 I wasn't happy.
We should get a reaction at open to test that red trendline, but to me that would be an objective short. but there's no reason to think about covering shorts until we hit the yellow structure line again - around 3690 or thereabouts (previous support)
We should get a reaction at open to test that red trendline, but to me that would be an objective short. but there's no reason to think about covering shorts until we hit the yellow structure line again - around 3690 or thereabouts (previous support)
Note
larger bear flag was mis-measured, the target is 3560.Note
on QQQ it looks like the correction may be done here, expecting more downside. 
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.